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Does Mother Nature Corrupt? Natural Resources, Corruption, and Economic Growth

Weidmann, Jens - 2021

factor in determining a country’s level of corruption. In a simple growth model, we illustrate the interrelationships between … natural resources, corruption, and economic growth, and discuss potential anti-corruption policies. We show that the extent of … corruption depends on natural resource abundance, government policies, and the concentration of bureaucratic power. Furthermore …

Persistent link: https://www.econbiz.de/10013212111

Is There Money on the Table? Evidence on the Magnitude of Profit Shifting in the Extractive Industries

Beer, Sebastian; Devlin, Dan - 2021

Profit shifting remains a key concern in international tax system debate, but discussions are largely based on aggregate estimates, with less attention paid to individual sectors. Drawing on a novel dataset, we quantify tax avoidance risks in the extractive industries, a sector which is revenue...

Persistent link: https://www.econbiz.de/10013243073

Crypto, Corruption, and Capital Controls : Cross-Country Correlations

Alnasaa, Marwa; Georgiev, Nikolaj; Honda, Jiro; … - 2022

the correlation of crypto-asset usage with indicators of corruption, capital controls, a history of high inflation, and … corruption and more intensive capital controls. Notwithstanding the data limitations, the results support the case for regulating …

Persistent link: https://www.econbiz.de/10013293932

The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads

Choi, Sangyup - 2017

We find that data transparency policy reforms, reflected in subscriptions to the IMF's Data Standards Initiatives (SDDS …

Persistent link: https://www.econbiz.de/10012956482

Financial Resource Curse in Resource-Rich Countries

Mlachila, Montfort - 2017

Why do commodity-dependent developing countries have typically lower levels of financial development than their peers? The literature has proposed many possible explanations, but it typically does not dwell on the deep mechanisms that drive such an outcome. In this paper, we argue that the main...

Persistent link: https://www.econbiz.de/10012950378

Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Araujo, Juliana - 2013

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial...

Persistent link: https://www.econbiz.de/10013082925

Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries

Crivelli, Ernesto - 2014

This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative relationship between...

Persistent link: https://www.econbiz.de/10013059088

End of the Supercycle and Growth of Commodity Producers : The Case of Chile

Eyraud, Luc - 2016

This paper estimates the effect of copper prices on Chile's growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the...

Persistent link: https://www.econbiz.de/10012999759

Progressive Taxation of Extractive Resources as Second-Best Optimal Policy

Wen, Jean-François - 2018

The paper provides a critical review of the literature on the concept of progressivity in thetaxation of petroleum and mineral resources and offers a fresh perspective on its purpose andmeasurement. Regressive taxes, such as royalties, exist to satisfy policy objectives other thanrevenue...

Persistent link: https://www.econbiz.de/10012913895

The Macroeconomic Effects of Natural Resource Extraction : Applications to Papua New Guinea

Basu, Suman Sambha - 2013

To investigate the effects on Papua New Guinea's economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resource windfall revenues and the implications for a variety of policy responses. The model...

Persistent link: https://www.econbiz.de/10013080223